There is an Application for the €10,000 TEF Women Entrepreneurship for Africa is on!
The “Women Entrepreneurship for Africa” (WE4A) This program is an action jointly supported by the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS) and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Tony Elumelu Foundation (TEF), and the German Development Agency GIZ (E4D program). It is focused on empowering under served communities in Sub-Saharan Africa comprising of women, youths, and the informal sector. The Acceleration/Growth Programm
About Tony Elumelu Foundation (TEF)
The Tony Elumelu Foundation (TEF) was established in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor, and philanthropist who is passionate about Africa’s economic development. About Us Programm Alumni Impact Media TEF Connect TEF Forum We are African private-sector-led philanthropy empowering African entrepreneurs.
This Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor, and philanthropist who is passionate about Africa’s economic development. Message From The Founder Mission & Vision History Leadership The Tony Elumelu Foundation (TEF) is African private-sector-led philanthropy focused on empowering African entrepreneurs.
The Foundation was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor, and philanthropist who is passionate about Africa’s economic development. Our long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africa capitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
The Tony Elumelu Foundation Entrepreneurship Programm is the $100 million commitment by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period. The goal is to create at least 1 million jobs and contribute over $10 billion in revenue to the African economy. Through its flagship Entrepreneurship Programm, the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem across 54 African countries.
The Foundation has empowered 7,531 entrepreneurs thus far. The Programm is built on a 7-pillar model, a unique holistic system of effective and intensive support to the African entrepreneurs, consisting of startup enterprise toolkit, online mentoring, online resource library, meet-ups, TEF Entrepreneurship Forum, seed capital, and alumni network.
In 2018, the Foundation launched TEFConnect, Africa’s digital entrepreneurship hub last year to connect the entrepreneurship ecosystem and facilitate businesses beyond physical borders. The platform currently hosts 800,000 users.
Aim and Benefits of TEF Women Entrepreneurship
The Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A) is an EU, OACPS, and BMZ funded program, that seeks to provide 120 female entrepreneurs from the TEF alumni network, with access to €10,000 in grant funding that will be paired with 3 months of technical support through a virtual acceleration program.
This program aims to improve the business capacity of women-led enterprises to increase their chances of raising follow-on funding from private sector investors. Additional grant funding up to €50.000 in conjunction with a growth program will be provided to 15 enterprises selected by an expert panel as having the most high-growth potential. This program will be an additional 3 months and it will do a lot of good to the women and the youths
It is an initial acceleration and the follow-on growth programs aim to support women entrepreneurs, in Sub-Saharan Africa, to flourish and contribute to employment creation in their communities through enhanced business capacities, access to formal financial services, and integration into local and regional value chains.
Here are what you need to qualify you for TEF Women Entrepreneurship Qualification
Female entrepreneurs from the TEF Alumni network(TEF is the sourcing partner for this program and will only source female entrepreneurs from their network).
You should have a working product and ideally already have customers.
The program is open to businesses operating across all business sectors.
The team of investment analysts will review all applications and conduct any necessary interviews in order to select the startups that have the most high-growth potential.
Interview date, Process and Venue for TEF Women Entrepreneurship
The Tony Elumelu Foundation Women Entrepreneurship For Africa (WE4A) will last for 3 months of acceleration, and if you are selected, it will be followed by a growth program and technical assistance for an additional 3 months.
How to Apply for TEF Women Entrepreneurship
Click on the BUTTON below to apply.
TEF Women Entrepreneurship- Application Deadline
The closing date for the grant application is not specified